{
  "id": 4639153,
  "title": "Qatar’s non-hydrocarbon GDP grows by 3.5% YoY in Q1 2026",
  "url": "https://urgent.news/2026/08/31/qatars-non-hydrocarbon-gdp-grows-by-3-5-yoy-in-q1-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T11:29:52.000Z",
  "source": {
    "name": "The Peninsula Qatar",
    "slug": "the-peninsula-qatar",
    "url": "https://thepeninsulaqatar.com/article/31/08/2026/qatars-non-hydrocarbon-gdp-grows-by-35-yoy-in-q1-2026"
  },
  "original_language": "en",
  "account": "Doha, Qatar - Qatar's non-hydrocarbon GDP expanded by 3.5% year-on-year (YoY) in the first quarter of 2026, according to the National Planning Council. This growth illustrates the country's economic resilience amidst regional challenges that affected trade routes, raised transport and insurance costs, and strained global supply chains. Dr. Abdulaziz bin Nasser bin Mubarak Al Khalifa, Secretary General of the National Planning Council, praised the economy's stability and the success of long-term planning, despite geopolitical tensions.\n\nThe non-hydrocarbon sector's positive performance was driven by a surge in several key industries. Construction saw a 6.2% YoY increase, contributing QAR 1,374 million (1.2%) to real non-hydrocarbon GDP growth. Wholesale and retail trade surged 9.0% YoY, adding QR 1,314 million (1.1%) to growth, while real estate activities increased by 6.1% YoY, contributing QAR 814 million (0.7%) to the overall growth. Financial and insurance activities also rose 4.8% YoY, adding QR 774 million (0.7%) to the figures.\n\nThe non-hydrocarbon sectors' contributions highlight Qatar's diversified economy, a cornerstone of the country's strategic vision as outlined in Qatar National Vision 2030. The latest GDP data reflects solid economic fundamentals and the effectiveness of policies aimed at preserving market stability and ensuring the continuity of vital services, even during regional political tensions. Government agencies maintained coordination to monitor market conditions, safeguard supply chains, and minimize disruptions' impact on citizens and businesses.",
  "summary": "<p>Doha, Qatar: Qatar's non-hydrocarbon Gross Domestic Product (GDP) grew by 3.5% year-on-year (YoY) in the first quarter of 2026.</p> <p>The National Planning Council affirmed in a statement on Monday that these results reflect the resilience and economic stability of the State of Qatar despite regional conditions and challenges that impacted trade routes, increased transport and insurance…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}